(ASC X12) 1081 Loan Purpose Code
TYPE=ID MIN=2 MAX=2
Code identifying the reason the loan is needed
Codes
1 | Purchase Existing Home Previously Occupied |
2 | Purchase Existing Home Not Previously Occupied |
3 | Finance Improvement to Existing Property |
4 | Construct Home |
5 | Refinance |
6 | Purchase New Condominium Unit |
7 | Purchase Existing Condominium Unit |
8 | Finance Co-Operative Purchase |
9 | Manufactured Home |
10 | Manufactured Home and Lot |
11 | Manufactured Home and To Buy Lot |
12 | Manufactured Home and Lot Loan Refinanced |
13 | Construct New Home and Convert to Permanent |
14 | Purchase Unimproved Land |
15 | Other Loan Purpose |
16 | Purchase, Purpose Unidentified |
17 | Single Family |
18 | Multifamily Construction |
19 | Multifamily Project |
20 | Single Family Serial Note |
21 | All Terrain Vehicle |
22 | Dirt Bike |
23 | Farm Equipment |
24 | Jet Ski |
25 | Truck |
26 | Motorcycle |
27 | Snowmobile |
28 | Home Equity |
30 | Purchase Money Mortgage |
31 | Additional Financing |
AL | Auto Lease |
AR | Airplane |
AU | Automobile |
BO | Boat |
CC | Charge Cards |
CO | Charged Off |
CT | Camper or Trailer |
FM | First Mortgage Real Estate |
MH | Mobile Home |
PE | Personal |
RE | Real Estate |
RV | Recreation Vehicle |
SL | Student Loan |
SM | Second Mortgage Real Estate |
SO | Sharedraft Overdraft |
Appears in
LN | Loan Information |
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